Janesville State Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Janesville State Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 337110 | Wood Kitchen Cabinet and Countertop Manufacturing | 1 | $15K | $15K | 9.1% |
| 423120 | Motor Vehicle Supplies and New Parts Merchant Wholesalers | 1 | $62K | $62K | 9.1% |
| 445110 | Supermarkets and Other Grocery Retailers (except Convenience Retailers) | 1 | $115K | $115K | 9.1% |
| 811111 | General Automotive Repair | 1 | $69K | $69K | 9.1% |
Geographic Distribution
SBA lending activity for Janesville State Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Minnesota (MN) | 11 | $835K | 100.0% |
Why Choose Janesville State Bank?
Based on SBA 7(a) lending track record from 1993-2011
- ✓Proven Track Record: 11 SBA loans approved, totaling $835K in financing
- ✓Industry Expertise: Specialized focus on Wood Kitchen Cabinet and Countertop Manufacturing, Motor Vehicle Supplies and New Parts Merchant Wholesalers, Supermarkets and Other Grocery Retailers (except Convenience Retailers)
- ✓Competitive Terms: Average interest rate of 6.00% with flexible term lengths averaging 107 months
- ✓Loan Range: Loan sizes from $15K to $234K, with an average of $76K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in MN
Note: Approval and terms are subject to SBA and lender requirements. This profile is based on historical data and does not guarantee future lending decisions.
Frequently Asked Questions
Common questions about Janesville State Bank SBA lending
What types of businesses does Janesville State Bank typically finance?
Janesville State Bank specializes in SBA 7(a) lending to specific industries including wood kitchen cabinet and countertop manufacturing, motor vehicle supplies and new parts merchant wholesalers, supermarkets and other grocery retailers (except convenience retailers), general automotive repair. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Janesville State Bank's typical SBA loan terms?
Janesville State Bank's SBA 7(a) loans typically feature an average interest rate of 6.00% and average term length of 107 months (approximately 9 years). Loan sizes range from $15K to $234K, with an average loan size of $76K.
Do I need a business valuation for a Janesville State Bank SBA loan?
Yes, Janesville State Bank typically requires a professional business valuation for SBA loans over $250,000 or for change-of-ownership transactions. A certified valuation helps establish the purchase price, loan amount, and ensures SBA compliance. The valuation typically costs $5,000-$15,000 depending on business complexity.
How does Janesville State Bank compare to other SBA lenders?
Janesville State Bank has originated 11 SBA loans totaling $835K since 1993. They distinguish themselves through industry specialization and expertise in their focus sectors. Compare their rates and terms with other lenders in our Commercial Lending Directory.
What states does Janesville State Bank lend in?
Janesville State Bank provides SBA 7(a) financing with particularly strong presence in MN. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
Research Your Target Industry Before Applying
Before applying for SBA financing, research your industry's typical loan sizes, approval rates, and specialized lenders. Understanding industry-specific financing patterns can help you find the right lender and strengthen your application.
Our industry research reports provide comprehensive intelligence for 1,000+ industries including financial benchmarks, growth trends, financing patterns, and which lenders are most active in your sector.
Explore Industry Reports →Need a Business Valuation?
Certified valuations are often required for SBA loans over $250,000.
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